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Scoop: Trump expected to name Herman Cain to Federal Reserve board
President Trump has told confidants he wants Herman Cain on the Federal Reserve board, but will wait until his background check is completed before making the formal announcement, according to two senior administration officials familiar with the decision.
Why it matters: It's likely confirmation that Trump is ready to move ahead with the former presidential candidate, whose possible nomination was reported by Bloomberg in January. "He won't formally announce until the vet is completed ... But he likes Cain and wants to put him on there," said a senior official who has discussed the matter with the president.
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Between the lines: As with any Trump "decision," administration officials are quick to attach an asterisk. This time, their hesitation is less about Trump changing his mind than about something coming up in Cain's background check that could complicate the situation.
The administration did not conduct a thorough vetting of Trump's most recent Fed pick, Stephen Moore, and they've had to weather stories about back taxes owed by Moore and that he had failed to pay alimony to his ex-wife. Moore told the New York Times earlier this week that "it's full speed ahead" and said that the White House was "100%" behind him.
https://www.axios.com/trump-wants-herman-cain-federal-reserve-4b497361-d12a-4c5a-a2db-28ffe1d36b58.html?utm_source=twitter&utm_medium=twsocialshare&utm_campaign=organic
Why it matters: It's likely confirmation that Trump is ready to move ahead with the former presidential candidate, whose possible nomination was reported by Bloomberg in January. "He won't formally announce until the vet is completed ... But he likes Cain and wants to put him on there," said a senior official who has discussed the matter with the president.
Show less
Between the lines: As with any Trump "decision," administration officials are quick to attach an asterisk. This time, their hesitation is less about Trump changing his mind than about something coming up in Cain's background check that could complicate the situation.
The administration did not conduct a thorough vetting of Trump's most recent Fed pick, Stephen Moore, and they've had to weather stories about back taxes owed by Moore and that he had failed to pay alimony to his ex-wife. Moore told the New York Times earlier this week that "it's full speed ahead" and said that the White House was "100%" behind him.
https://www.axios.com/trump-wants-herman-cain-federal-reserve-4b497361-d12a-4c5a-a2db-28ffe1d36b58.html?utm_source=twitter&utm_medium=twsocialshare&utm_campaign=organic
Repost from locked LBN thread.
20 replies
= new reply since forum marked as read
= new reply since forum marked as read
Makes perfect sense.
Plus, Trump probably really likes Cain's savvy knack for marketing.
